Cyber Monday success, UK clothing sales drop, Haute Couture’s future, Lynch for Dior, Vente-Privée and Gilt Groupe

www.vente-privee.com | Source: Vente-Privée

Cyber Monday: busiest online shopping day ever (Telegraph) “In recent years the first Monday of December has become the busiest day for online shopping, with consumers scouting for the best deals over the weekend before making their decision on the Monday. Between the hours of 1pm and 2pm alone, Brits spent a combined total of £33 million, a year-on-year increase of 21 percent.” Clothing sales hit in November (Drapers)

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Italian slump, Valentino endures, Luxury’s brighter future, Gilt Groupe’s Jetsetter, +J launches at Uniqlo

Missoni A/W 2010 ad campaign | Source: Missoni

Italy’s Fashion Houses See No Early Recovery From Sales Slump (Bloomberg) “Italy’s fashion industry will take years to recover after the biggest sales decline in at least two decades, according to the country’s designers, who criticized the government for not doing enough to assist them.” Valentino Owners Say Company Will Survive Recession (New York Times) “The finances of the Valentino fashion house will

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Barneys and Holt Renfrew rumours persist, Discount sites boom, Net-a-Porter goes mobile, Jay-Z’s Rocawear

Jak & Jil window at Holt Renfrew, Toronto

Holt Renfrew owner rumoured to be eyeing Barneys New York (National Post) “Barneys, an 86-year-old luxury retailer which has famously catered to a broad and often eclectic range of needs of high-end consumers, would fit well within Mr. Weston’s portfolio and extend his buying power for his other luxury goods chains, including Holts, Selfridges in Britain and Brown Thomas in Ireland, analysts say.” When cheap is

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Stars dazzle at Met Gala, The demise of full-price, Designers and execs look beyond the recession, Fashion goes West

Jessica Biel at the Costume Institute Gala, courtesy of The New York Times

A Museum Gala Where High Cheekbones and Higher Hemlines Rule (NYT) “It was noticeable change of social scenery, on Monday night, to see a fashion model (not, say, a routine celebrity) as the center of attention at the annual Costume Institute gala, generally considered the most glamorous, anticipated and expensive (with dinner seats starting at $7,500) event of the year.” Buyer’s Market:Will seasoned shoppers ever pay

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CEO Talk | Susan Lyne, Chief Executive Officer, Gilt Groupe

Susan Lyne | Source: Levo League

NEW YORK, United States - Even before Susan Lyne left her high-profile CEO post at Martha Stewart Living Omnimedia (MSLO) earlier this year, the media world speculated wildly about where she might go next. Would she take a senior role at media giant Time Inc? Or would she end up in Hollywood, where she could bring to bear some of her experience from ABC, the American television network,whose fortunes she was credited with reviving

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Links: Gilt Groupe, Supreme Luxury and ASW

Red Herring: Gilt Groupe Scores VC FundingThe market is beginning to acknowledge the potential of online communities in selling fashion. The Red Herring is reporting that Gilt Groupe, which was featured in a Q&A on The Business of Fashion last week, has raised $5m of venture funding from Matrix Partners. Even the New York Times ran a short article. IHT: Supreme Luxur y 2008All week we have been posting Suzy Menkes' videos from the IHT's Supreme Luxury Conference in Moscow. Don't miss the written content - it's just as interesting, especially this article on India that somehow appears within a sea of articles on Russia. The Wall Street Journal: MySpace for MillionairesAsmallworld is no longer alone. A raft of new…

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